April 27, 2024

Messari Analyst: Ethereum May Overtake Bitcoin After Update 2.0

Messari Analyst: Ethereum May Overtake Bitcoin After Update 2.0

Messari senior analyst Ryan Watkins predicted that in the future Ethereum could overtake Bitcoin and take the placelargest cryptocurrency.

During a conversation on the YouTube show FinTech Today an analyst stated that Ether will become the leading cryptocurrency in the future. 

In his opinion, the main advantage of Bitcoin onthe moment lies in the high security of the network. With the move to Eth2 and Proof-of-Stake, Ethereum may become more secure than the first cryptocurrency.

Watkins' confidence is based on the upcomingEthereum changes. The introduction of a combustion mechanism means that Aether will become more deflationary. As tokens are burned, there will be less ether in circulation. 

In addition, Ethereum – fan favoriteDeFi and NFT protocols. These use cases have already made Ethereum more popular among developers and users. The non-fungible token (NFT) market is gaining popularity, attracting connoisseurs of unique digital items.

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